The new Pension Freedom rules allow anyone over age 55 the ability to cash in their pension fund. If you have cashed in your pension, and now regret the decision, you cannot subsequently go back to your provider and ask them to reinstate it. The rules do not allow...

Forty-three per cent of people in England would deliberately deplete their wealth to avoid paying for care, leading to more pressure on state finances than ever before, statistics from the latest Partnership Care Report show. The latest report shows the number of...

The new Pension Freedom rules allow members of final salary pension schemes, or defined benefit (DB), to switch into defined contribution (DC) arrangements and take advantage of the changes. This allows members of defined contribution (DC) schemes to access their...

People should consider paying into a pension as early as possible. Research from Brewin Dolphin show that for a target net pension of £20,000 at age 68 – excluding the state pension currently set at £115.95 per week for a single person – 25-year-olds would need to...

The new state pension will start in April 2015 with the introduction of a single-tier state pension which aims to simplify state pension advice for those retiring. An individual’s state pension is based on their National Insurance record. Under the current...

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